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  • Article Check - Focus on Undergraduate Course in Risk Management and Insurance

    Can You Deliver
    Strategy, leadership, innovation, and marketability…all are crucial to business success; however can your business execute?Small business owners normally spend countless hours organizing business plans and marketing plans without considering if they can execute the plan. Creating a plan whatever type of plan, should be your game plan to achieve your vision. This requires one o
    alcareers.com listed 234 finance-based risk management jobs in cities ranging from Milwaukee to Houston to Boulder, CO. Risk managers are needed at hospitals, firms with trading floors, manufacturing firms, and insurance firms. While managing legal and financial liability for a hospital is different from managing risk with a portfolio of stocks and bonds, the same basic princip
    Young Beef Cattle Bull Notes and Reminders
    Yearling bulls should be well grown but not too fat. The energy content of a ration should be reduced if bulls are getting too fat. Fat bulls may fatigue rapidly, contributing to fewer cows conceiving.For a yearling bull to be used successfully, he should have reached puberty 3 to 4 months before breeding time. The age of a bull at puberty depends on several interrelated fact
    Headlines from the salary-related articles at web site efinancialcareers.com read, “Lucrative Times for Risk Professionals,” (Apr. 9, 2007), “Demand Pumps Pay in Risk Management,” (Jan. 7, 2007), “Hefty Increases to Risk Executives,” (June 20, 2006), “Risk Sector View: Banks Gearing and Paying Up,” (Nov. 9, 2005), and “Risk Manager Pay Jumps 15% Year on Year,” (May 9, 2005). Michael Woodrow, president of the risk-management search firm Risk Talent Associates, predicts continued high demand for risk management specialists with experienced market risk and credit risk people getting packages of $500,000 or "much, much more."

    The results from a recent Risk Talent Associates compensation survey are as follows. “For risk management analysts or associates, average total compensation in the U.S. grew from $111,000 in 2005 to $121,000 in 2006. For senior associates or managers, compensation rose $150,000 to $166,000. Vice presidents saw their compensation rise from $242,000 in 2005 to $264,000 in 2006. Senior vice presidents garnered $420,000 in 2005 versus $462,000 in 2006, while managing directors' compensation rose from $900,000 in 2005 to $984,000 in 2006. Finally, chief risk officers earned $928,000 in 2005, but broke $1 million in 2006,” according to the survey.

    Outside of Wall Street and the financial sector, risk management salaries are not nearly so lofty, yet risk management can be a lucrative career option for today’s graduates in any part of the country. In June 207, Web site efinancialcareers.com listed 234 finance-based risk management jobs in cities ranging from Milwaukee to Houston to Boulder, CO. Risk managers are needed at hospitals, firms with trading floors, manufacturing firms, and insurance firms. While managing legal and financial liability for a hospital is different from managing risk with a portfolio of stocks and bonds, the same basic principl

    Brainstorming Do's and Don'ts
    We tend to put brainstorming in a box and assume that it is a no-holds barred, free form meeting with no structure or focus. But quite the opposite is the case. In fact there are lots of things that can derail a brainstorming meeting and put the meeting into a permanent tailspin.Perhaps the most important don't for brainstorming is don't be critical or judgmental of ideas pres
    chael Woodrow, president of the risk-management search firm Risk Talent Associates, predicts continued high demand for risk management specialists with experienced market risk and credit risk people getting packages of $500,000 or "much, much more."

    The results from a recent Risk Talent Associates compensation survey are as follows. “For risk management analysts or associates, average total compensation in the U.S. grew from $111,000 in 2005 to $121,000 in 2006. For senior associates or managers, compensation rose $150,000 to $166,000. Vice presidents saw their compensation rise from $242,000 in 2005 to $264,000 in 2006. Senior vice presidents garnered $420,000 in 2005 versus $462,000 in 2006, while managing directors' compensation rose from $900,000 in 2005 to $984,000 in 2006. Finally, chief risk officers earned $928,000 in 2005, but broke $1 million in 2006,” according to the survey.

    Outside of Wall Street and the financial sector, risk management salaries are not nearly so lofty, yet risk management can be a lucrative career option for today’s graduates in any part of the country. In June 207, Web site efinancialcareers.com listed 234 finance-based risk management jobs in cities ranging from Milwaukee to Houston to Boulder, CO. Risk managers are needed at hospitals, firms with trading floors, manufacturing firms, and insurance firms. While managing legal and financial liability for a hospital is different from managing risk with a portfolio of stocks and bonds, the same basic princip

    Do You Use These Strategies to Manage Your Mood?
    Stress is our reaction to people or things going on around us. Sometimes these things are positive, i.e. a vacation, a promotion or a special event. Sometimes the things are negative, i.e. a traffic ticket, someone you care about is ill, or projects at work are not meeting deadlines.How do you manage your mood when:• There is too much to do and not enough time to do it
    tes, average total compensation in the U.S. grew from $111,000 in 2005 to $121,000 in 2006. For senior associates or managers, compensation rose $150,000 to $166,000. Vice presidents saw their compensation rise from $242,000 in 2005 to $264,000 in 2006. Senior vice presidents garnered $420,000 in 2005 versus $462,000 in 2006, while managing directors' compensation rose from $900,000 in 2005 to $984,000 in 2006. Finally, chief risk officers earned $928,000 in 2005, but broke $1 million in 2006,” according to the survey.

    Outside of Wall Street and the financial sector, risk management salaries are not nearly so lofty, yet risk management can be a lucrative career option for today’s graduates in any part of the country. In June 207, Web site efinancialcareers.com listed 234 finance-based risk management jobs in cities ranging from Milwaukee to Houston to Boulder, CO. Risk managers are needed at hospitals, firms with trading floors, manufacturing firms, and insurance firms. While managing legal and financial liability for a hospital is different from managing risk with a portfolio of stocks and bonds, the same basic princip

    An Interchange Plus Pricing Structure Can Greatly Reduce Your Monthly Credit Card Processing Fees
    Traditionally small to mid sized businesses have been set up with what is called multi-tier pricing for their credit card processing. This system is usually set up with three tiers (qualified, mid-qualified, and non-qualifed.) Occassionally, if the business owner has negotiated well, there will be a fourth tier for qualified offline debit cards. While this system has worked well for
    000 in 2005 to $984,000 in 2006. Finally, chief risk officers earned $928,000 in 2005, but broke $1 million in 2006,” according to the survey.

    Outside of Wall Street and the financial sector, risk management salaries are not nearly so lofty, yet risk management can be a lucrative career option for today’s graduates in any part of the country. In June 207, Web site efinancialcareers.com listed 234 finance-based risk management jobs in cities ranging from Milwaukee to Houston to Boulder, CO. Risk managers are needed at hospitals, firms with trading floors, manufacturing firms, and insurance firms. While managing legal and financial liability for a hospital is different from managing risk with a portfolio of stocks and bonds, the same basic princip

    You Too Can Work From Home
    Most of us dream of waking up at noon, to our delicious brunch that the maid prepared, only to jump on the computer for an hour and spend the rest of the day relaxing on the beach or by the pool with our mate and kids playing by our side. The only stress we imagine having is whether to have the butler drive us in the Rolls Royce or should we jump in the Ferrari up the coast. Yes you
    alcareers.com listed 234 finance-based risk management jobs in cities ranging from Milwaukee to Houston to Boulder, CO. Risk managers are needed at hospitals, firms with trading floors, manufacturing firms, and insurance firms. While managing legal and financial liability for a hospital is different from managing risk with a portfolio of stocks and bonds, the same basic principles apply to each job. The risk manager has to characterize the probability of various possible outcomes and assign an expected cost or dollar value to each outcome.

    Do you have the aptitude to pursue a career in risk management? For the cost of enrolling in a 3-semester hour on-line course, students can sample the work of a risk manager and decide if they like it. Charter Oak State College now offers the course “BUS 341: Risk Management and Insurance,” which can be used toward the upper level requirement in the Business Administration, Health Care Administration, Organizational Leadership, and Organizational Management concentrations. The course emphasizes quantitative techniques used to form judgments on risk exposure. Students work on calculating expected values and variance of payments for skewed distribution of outcomes (not the simple bell-shaped curves you may have seen in a business statistics course). Insurance pooling arrangements, techniques to limit exposure, and liability-driven approaches to asset management are analyzed. In just 8 weeks, you can have a broad introduction to risk management and learn if you want to pursue a career in this exciting field.

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